1008 Merry Street

Description

Whether you are an investor or an owner-occupant looking for flexible rental potential, this property offers a unique opportunity in a lower price range. The property includes a main residence of approximately 1,009 sq ft plus a detached rear cottage, known as 1008 1/2 Merry St, of approximately 512 sq ft, based on floor plan measurements. The rear cottage features 1 bedroom and 1 bathroom, is currently vacant, and was previously rented for $895/month. The main residence is currently occupied and expected to be vacated within the next two months, offering added flexibility for the next owner. The main home is currently configured with two dedicated bedrooms and one bathroom, plus a versatile additional room that may function as a third bedroom, home office, guest space, or den, depending on the buyer's needs. A buyer may choose to occupy the main residence and lease the rear cottage, live in the rear cottage while leasing the main residence, or add both residences to a rental portfolio. Estimated rental potential for the main residence may range from approximately $1,200/month as a 2-bedroom layout to approximately $1,400/month if used as a 3-bedroom layout, subject to buyer verification, market conditions, code, zoning, and any required approvals or improvements. Combined potential rental income may be approximately $2,095 to $2,295/month based on estimated main residence rent and prior cottage rent. Convenient Augusta location near the medical/university area with easy access from the Wrightsboro Road corridor. Some photos have been virtually staged for marketing purposes. Buyer to verify rental income, zoning, financing eligibility, bedroom count, square footage, occupancy timeline, and all information deemed important.